Mumbai, 27 Mar 2024 (Commoditiescontrol): Moong (mung bean) prices remained stable across major Indian markets amid a subdued trading session. Many markets are yet to reopen following the Holi holiday, further dampening activity. In markets that are open, year-end financial activities are keeping trading subdued. Market analysts expect activity to pick up once the new financial year begins.
The National Agricultural Cooperative Marketing Federation of India (NAFED) has issued a new tender for approximately 8,500 metric tonnes (MT) of moong. Bids ranged from Rs 7,700 to 8,000 per quintal, suggesting ample supply is meeting current demand.
Analysts anticipate that prices will remain stable or see a slight increase in the near term, particularly in Madhya Pradesh, Maharashtra, and North Indian markets. This is supported by the continued demand for summer seed. However, the government's ongoing moong sales will likely cap any significant price surges.
Spot Moong Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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